Bengaluru-based battery deeptech startup Flowatt Battery Science has raised ₹2.2 crore in a pre-seed funding round led by PedalStart.
The capital will be used to advance its battery technology, validate its proof of concept (POC), build partnerships with insurers, EV financiers, OEMs, and other ecosystem players, and expand its team across technology, operations, and business development.
The funding will accelerate Flowatt’s mission to transform electric vehicle (EV) fleet management through its Battery-as-a-Service (BaaS) model.
The platform is designed to lower upfront battery costs for fleet operators while improving operational efficiency and ensuring revenue predictability, especially for last-mile delivery fleets.
Founded in 2023 by Siddhartha Srivastava, Bikesh Jha, and Vikash Singh, Flowatt integrates IoT-based monitoring, predictive maintenance, and data analytics to extend battery life, reduce operational costs, and optimize fleet performance.
Currently, the company has deployed around 1,500 batteries across multiple Indian cities under its BaaS model, catering primarily to e-commerce and quick-commerce logistics fleets. Flowatt aims to expand to over 15 Tier-1 and Tier-2 cities by FY 2026–27, targeting the rollout of 20,000 high-performance batteries and achieving monthly recurring revenue (MRR) of over ₹2.5 crore.
“By converting batteries into a flexible service rather than a high-cost purchase, Flowatt is addressing one of the biggest challenges in India’s EV adoption and fleet electrification,” said Manas Pal and Aditya Darolia, co-founders of PedalStart.
